Tag Archives: TNA

Unworkable 35% gambling tax sees Sportpesa suspend all Kenyan sports sponsorships

SBC News Unworkable 35% gambling tax sees Sportpesa suspend all Kenyan sports sponsorships

Kenyan sports betting operator Sportpesa has announced that it will end all forms of sponsorship with national sports clubs and bodies, as the operator deems Kenya’s 35% betting/gambling tax to be unworkable. This weekend Sportpesa CEO Ronald Karauri detailed to Kenya news sources, that his firm would suspend all sponsorships with sports stakeholders from January. Speaking to local press, Karauri …

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Kenya TNA rushes to pass through 35% gambling blanket tax charge

SBC News Kenya TNA rushes to pass through 35% gambling blanket tax charge

Kenya’s National Alliance (TNA) government has reduced its blanket industry tax charge to 35% on all gambling activities following backlash from multiple stakeholders. Last March Kenya’s Treasury Secretary Henry Rotich presented a National Budget proposing a betting/gambling ‘all activities’ tax duty of 50%. Kenya betting industry and sports stakeholders immediately moved to halt Rotich’s tax proposal, stating that he acted …

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Kenya TNA hierarchy open to industry tax review

SBC News Kenya TNA hierarchy open to industry tax review

Kenya’s National Alliance (TNA) government may move to review its 50% tax hike on all licensed gambling activities, following backlash from industry and sporting stakeholders. Kenyan news sources report that President Uhuru Kenyatta is aware of industry concerns and the potential liability of over taxing an effective industry. Kenyatta and his advisors are reported to be open to an industry review, …

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